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European tourism’s slowdown ends

  • Published by Ozgur Tore

europeEuropean Cities Marketing and ForwardKeys find out that Europe records growth after a period of constant slowdown between Q3 2014 and Q1 2015 followed by flatness in Q2 2015. The latest results from the Air Travellers' Traffic Barometer reveal that intra European flows recorded a growth of 3.2% during Q3 2015, while Long Haul travelers kept on growing more (+8%) than European visitors during Q3 2015.

In Africa, growth finally returned after the Ebola crisis in 2014 while Ramadan shift affecting Q2 and Q3 explains the huge increase in Middle East arrivals.

Q3 2015 was also a period where North America surpassed itself by performing the strongest growth compared to the last four quarters. This is in part due to its strong currency.

Finally, Asia & Oceania has stopped its slowdown and maintains latest growth seen in Q2 2015 despite last Chinese Shanghai Stock market crash and disappointing economic indicators.

Standard profile for long haul trips to Europe: mid-term bookings, families and groups, 1 week

3 out of 5 international bookings to Europe were issued less than 3 months in advance during Q3 2015 resulting in a growth in short/mid-term bookings that unveils that travellers are becoming more late bookers than in the past.

Meanwhile, strong growths were seen in families and groups (+16.3% for 3 to 5 Pax and +14.0% for 6 or more Pax). This is likely the signal of a growing contribution of emerging markets in the passenger flows.

Regarding the length of stays, the fastest growing segments, grouping most bookings (57%), are stays between 4 and 13 nights, clearly related to leisure visitors.

International bookings to Europe for Q4 2015 are slowing down

Q4 2015 foresees a slower growth regarding Q3 2015 due to Intra European flows which counteracts the better long haul travellers' performance.

In Middle East, Q4 2015 bad performance could be caused by the decreasing evolution of oil prices and its subsequent income reduction.

In the meantime, Baltic cities such as Tallinn, Helsinki and Copenhagen are growing faster as they could benefit from the increase of the international visitors within the area in Q4 2015 as well as the Iberian Peninsula which owns 4 cities in the fastest growing cities ranking: Barcelona, Madrid, Valencia and Madeira.

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